Drilling & production

Privately owned US oil and gas producer Validus Energy is set to acquire rival 89 Energy III for approximately US$850 million, including debt.

CNOOC Ltd has announced that the Buzios7 Project has commenced production safely.

BP plans new wells for Shah Deniz to sustain gas production.

The agreement unites two deepwater blocks, with Woodside confirming 3.5 trillion ft3 of natural gas reserves.

Seatrium and bp sign Memorandum of Understanding for second deepwater Floating Production Unit project.

CNOOC Limited has announced that Bozhong 26-6 Oilfield Development Project (Phase I) has commenced production.

Crescent Energy Company has announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of US$905 million, consisting of US$830 million in cash and 5 454 546 shares of Class A common stock.

The contract scope includes drilling services for development and exploration wells over a three-year period.

Bridger Photonics, provider of aerial methane detection, has announced that the company continued to experience massive growth and market adoption for its advanced methane detection solutions in 2024 and is implementing a major leadership transition to support its continued scaling.

Diversified Energy has announced that it has entered into a definitive agreement to acquire Maverick Natural Resources, a portfolio company of EIG, for total consideration of approximately US$1275 million.

Salunda has announced it has integrated its Red Zone monitoring solutions on four drilling rigs in Guyana with Intellilift’s digital technologies to deliver automated location and control of critical equipment and personnel.

Chevron Corporation has announced that its 50% owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan.

The Oil & Gas Development Company Ltd. (OGDC) of Pakistan has announced enhancement of oil production Kunnar-12 and Kunnar-6 wells at the Kunnar oilfield, resulting in incremental production of 1160 bpd of oil.

John Wood Group PLC has been awarded a significant new contract to provide long-term maintenance solutions for onshore?and offshore assets in the Gippsland Basin, Victoria, operated by Esso Australia.

CNOOC Ltd has announced that Dongfang 29-1 gas field development project has commenced production.